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Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions (Tables)

9 Months Ended

Sep. 30, 2015

Financial Instruments with Off-Balance Sheet Risk and Derivative Transactions

Summary information about the interest rate swap designated as a cash flow hedge

Summary information about the interest rate swap designated as a cash flow hedge is as follows:

		As of
		September 30, 2015				December 31, 2014
Notional amount		$	25,774			$	-
Unrealized loss			(816)				-

Schedule of derivatives not designated as hedging instruments

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts		$	17,670		Other Assets		$	157		Other Liabilities		$	157
Commitments1			231,466		Other Assets			230		N/A			-
Forward contracts2			19,000		N/A			-		Other Liabilities			-
Total							$	387				$	157

1Includes unused loan commitments and interest rate lock commitments.

2Includes forward MBS contracts and forward loan contracts.

The following table presents derivatives not designated as hedging instruments as of December 31, 2014.

					Asset Derivatives					Liability Derivatives
		Notional or
		Contractual			Balance Sheet					Balance Sheet
		Amount			Location		Fair Value			Location		Fair Value
Interest rate swap contracts net of credit valuation		$	16,334		Other Assets		$	30		Other Liabilities		$	30
Commitments1			201,946		Other Assets			143		N/A			-
Forward contracts2			14,000		N/A			-		Other Liabilities			-
Total							$	173				$	30

1Includes unused loan commitments and interest rate lock commitments.

2Includes forward MBS contracts.

Schedule of financial instrument commitments

		September 30, 2015									December 31, 2014
		Fixed			Variable			Total			Fixed			Variable			Total
Letters of credit:
Borrower:
Financial standby		$	55		$	3,497		$	3,552		$	55		$	4,745		$	4,800
Commercial standby			-			47			47			-			49			49
Performance standby			404			7,350			7,754			416			5,690			6,106
			459			10,894			11,353			471			10,484			10,955
Non-borrower:
Performance standby			-			575			575			-			572			572
			-			575			575			-			572			572
Total letters of credit		$	459		$	11,469		$	11,928		$	471		$	11,056		$	11,527

X

- Definition

Tabular disclosure of the entity's contractual commitments due to letters of credit commitments that relate to properties held in other real estate owned.

+ References

No definition available.

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- References

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4C



-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

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- Definition

Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4C



-Subparagraph (e)



-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

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